St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-17
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat
Was Again Active and Rather
Unsettled.
Speculation Was on Very Liberal Scale,
and the Temper Throughout
Was Nervous.
Large Quantities of Grain Change
Hands in the Fight for SUI
premacy.
Transactions in the Financial Cir
cIes of Wall Street--General
Quotations.

easy tonight after a dull day at S05sc. May
corn ut 39s4c, May ribs at $500, May lard at
ST.52%. The crowd in wheat chung to the
idea of May corner too long to give it up ut
once, even after decline Of &c u bushel. and
although the May option came within cent
or so of the very lowest price reached in the
drop. Because the only real bull houses in
the market were buyers of wheat after the
three-cent break, and because the price rallied
&c after q break of &c, there were few peo-
pie very confident that the wheat deal
was bigger than ever. or course
the business of the big buyers
of wheat is their own. and there is nobody
who can tell exactly how much wheat they
sold. but they certainly did realize largely
There is no doubt at all but that kershaw
collected about S150000 from the clearing
house in one day last week, for he says so
himself, and there isn't any doubt but that
quite a good deal of Rosentield's wheat was
settled up. There isn't any doubt either that
the long wheat in the market has always been
held by at least >
THREE SEPARATE INTERESTS.
Either one of these three have known as
little about the workings of the other as the
outsiders. These wheat operations, if signs
are worth anything at all, are not at all part
of any corner manipulation. They are SIM
ply huge speculative scalps by rich men in
property that has done nothing but decline
lower and lower for three years, and
buying Il speculation with mini
mum of risk and with the maximum
of promise for profit. The one thing about
which the crowd goSSiped to-day was the pur-
chase OF about 100000 bushels of wheat by
Orr u Comes. 1t is pretty certain that the
Cincinnati crowd of wheat bulls has taken one
new commission house into their employ,
KerShaw still continues apparently here the
directing power Brokers who gave up his
name in their trades were buying and selling
1I-Ta Of fha .lyaf oV16 ha
purpose was probably to enliven the pit so
that big trading would be easier. The crowd
the intelligent part of 1t, at any rate-doeS
not belive now in a wheat corner, but does
believe that a strong clique of rich men
is scalping in wheat on q large scale, with
bull views, seeking to get profit on the long
side. Ream, Jones Linn, good authority,
says. decided yesterday that the bull clique
lad gone to pieces and that the market was
about to collapse. They sold heavily at 800
soc and are now in the dumps because the
market so suddenly got back it's strength. 1t
is matter of some comment that Cudahy has
apparently taken no part in the bear raids
with old time bear associates. Corn was al
most us timber to-day as yesterday. 1t kept
almost all the session under 40c, and, al
though it went down toward 39c when the
wheat market was at its weakest, 1t did not
rally proportionatey when wheat was strong.
THE ROUTINE REPORT.
CHICAGO, March 16.--The wheat market
was active and unsettled again to-day. The
trading was on very liberal scale and the
temper throughout was very nervous. The
starting price for May delivery was size,
but the offerings were very free and a rather
sharp decline to S014c followed. A reaction
sent the price to S05sc where it rested for
time, and was then followed by a quick up
turn TO SIZE, the tendency all the way up
being for large quantities The market
finally settled back again and closed for the
do 't,n ntlNx
within narrow range and closed about the
same as yesterday. Operators were as
much at sea as ever as to the future of the
market and rumors of strong parties being
under the market still tends to cause great
uneasiness. The seaboard clearings from
three ports aggregated Us, 900 bushels. Re-
ceipts show little falling Off. Corn was
quiet and prices kept within a narrow range,
closing about the same as on Yesterday. Oats
ruled q shade easier, but showing little move
ment. Provisions were steadier, mess pork
showing very little change. Lard fell off 100
15c per 100 lbs, but rallied again at the close.
Short ribs lost 10@I5c.
THE QUOTATIONS.
The leading futures ranged as follows;
Wheat-No.2, March, opened at 1899, closing
at 75c;May. size. closing at SO5sc;
June J6n $50 sOAc, -s closing at sO7se; July,
3434c, closing at 34hc; May, 1890, closing at
39a4c; June, 403sc, closing at 4O%c:
July. 415gc, closing at 4l5sc. Oats-No. 2,
March, 231sc. closing at 237sc; May, 2Slc,
closing at 2S5sc; June, 2S7sc, closing at 2S1ac.
Mess pork, per barrel-March, $50. 35, closing
at $2O.35; May, SPOTS, closing at $40. rs; June,
S20.75, closing at $20.75. Lard, per 100 pounds
March, ST.45, closing at S7.42%: May,
$T.5719. closing at S7.55; June, 1892, closing
at $685.. Short ribs per 100 pounds-March,
$S.0719. closing at $7.95; May, $S.1715, closing
at $500; June, $500, closing at $S.O7%.
Cash quotations were as follows: Flour, quiet
and unchanged. Wheat-No 2 spring, 75@
7S14c; No. spring, re; No. 2 red, nominal
Corn-No. 2, 34114@364c. Oats-No. 2, 24c
Rye-No. 2, 5479c. Barley-No. 2, 491a@52c.
Flax seed, No. 1, S1.0714. Timothy seed, prime,
SLS4@1.87. Mess pork. per Dbl, S2O.35@20. so.
Lard, per 100 lbs, S7.421a. Short ribs, sides,
loose, ST.95@S.00, dry sailed shoulders, boxed,
$606.25; short clear sides. boxed SS.55@S. go.
Whisky, dIstillers' finished goods, per gal,
Sl.1S. Sugars, cut loaf, 61s@6s4c; granu-
lated. 55sc; standard "a" 51%@5%c. Re
ceipts-Flour, 1000 bbls; wheat, $4,000 blu;
corn, 254,00c bu oats, 10000 bu; rye, 1000
ou barley, II, 600 bu. Shipments-Fiour, 23-
600 bbls; wheat, 81, coo blu: corn, 1890 bu
oats, 67,0OG bu; barley, 10000 blu. On the
produce exchange to-day the butter market
was quiet; creamery, 20031c per ID dairy
l2@23c. Eggs, lac per doz.